Category: Business Strategy

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8 Crucial Business Skills to Weather the Recession Storm

The current decade has been turbulent at best, challenging business paradigms, industrial practices, and biological presumptions across the planet. It begs the question: What is the successful route to developing resilient business skills for the years to come? From a global pandemic ranking near the Spanish Flu of 1918-1920 to worldwide lockdowns suffocating the travel and hospitality industries, through an overnight transition to remote work, a massive bump of cryptocurrencies, a housing market growing like crazy from Hong Kong to San Francisco to a global crash in 2022, businesses definitely had to endure a lot. Back to The Global Recession… Continue Reading
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How Mission and Vision Statements Work

When starting a business or setting a new direction for an existing one, two guiding stars often lead the way: mission and vision statements. The mission statement is like the company's backbone, outlining its core purpose and the reason it exists. It answers the straightforward question: Why are we here? On the other hand, the vision statement is the big dream, the picture of what success looks like in the future. It's the company's north star, giving everyone a clear direction and something to strive for. Have you developed a mission statement for your company? What about a vision statement?… Continue Reading
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The Power of Networking Done Right

The reason I find networking critically important is simple. Referrals make the best business contacts. Freelancers get a lot of business through word-of-mouth. Internships are often contingent on a common point of contact. Hiring for a senior management position is almost completely dependent on networking. Moreover: Plenty of brilliant minds are introverts. You don't always get to meet them at events. Social media and blogs, as well as smaller meetups or alumni gatherings, could be instrumental in meeting the right peers. Nowadays, jobs often deal with sensitive data. Trust is a major factor. Keeping the intellectual property in place isn't… Continue Reading
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How to Start an LLC in the U.S. – Complete Guide for Non-residents

Starting a business in the United States is like setting sail on a thrilling voyage, where the horizon is adorned with possibilities of growth and triumph. But if you're a non-U.S. citizen, you might find yourself pondering whether the rewards of starting a Limited Liability Company (LLC) are within your reach. The reassuring news is that the doors to LLC ownership have been widely opened to non-U.S. citizens of the country thanks to innovative businesses like doola! Picture yourself standing at the crossroads, with New York's vibrant markets beckoning on one side and Silicon Valley's innovation hubs on the other.… Continue Reading
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How to Make Money Blogging for Beginners (10 Success Stories of Bloggers)

There are thousands of ways to make money online, but blogging is one of the most preferred and proven methods to generate income. If you are blogging for money (that you should be—eventually) and have not yet discovered the actual ways to see money coming into your account, then you need some real ways that you can copy and incorporate into your blogging strategy. Choosing the right blog niche is just as important. Your niche directly impacts your earnings. Researching trending and evergreen niches can attract loyal readers and introduce affiliate programs, sponsorships, and tailored ad opportunities. Aligning content with… Continue Reading
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5 Reasons Why Multitasking Actually Works (And Supplements Focus Mode)

Multitasking is a habit of many people who want to get many things done at a time.  More specifically, according to the American Psychology Association, multitasking is done by performing at least two tasks simultaneously, switching from one task to another, and working on two or more tasks speedily. But, it is easy to get distracted, tap into your favorite social media, watch YouTube videos, get on the phone with a colleague or a friend, and forget about the core tasks you were supposed to work on. These distractions can negatively affect your focus, meaning that the quality of your… Continue Reading
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Strategic Channel Partnership: A Guide to Finding and Cultivating Successful Collaborations

Channel partnerships can be an effective strategy for businesses to cross-sell and upsell to the same target market as other vendors in their space. However, a partnership's success largely depends on the alignment of the partners and the value proposition offered to customers. Before reaching out to potential partners, businesses must consider several factors, including whether the partner is suitable for the customers they serve, whether there is alignment in value propositions, and whether both parties can contribute equally to the relationship. The success of a partnership also relies on clear communication channels, shared goals, a co-marketing plan, resource sharing,… Continue Reading
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How to Build a Bootstrapped Product MVP (From the Ground Up)

Whether you want to launch your product business or diversify with a product MVP aligned with your service-driven company, you need a methodical approach that gets you closer to success. Building a product can be an extensive exercise consuming both time and capital. But with the right type of due diligence, this could be a streamlined process that is easy to follow and execute over the course of several months. This product guide is designed for: Service-based businesses eager to productize their services or build a separate stream of recurring revenue Consultants, coaches, freelancers interested in generating predictable revenue and… Continue Reading
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Workplace Communication Techniques and Strategies

No matter what role you have in an organization - a manager, a vendor, a consultant, or an advisor - each comes with its own challenges, particularly in managing workplace communication issues. Effective communication is the lifeblood of any successful organization, and navigating these challenges is essential for fostering a productive and harmonious work environment. These communication issues often involve conflicts in employee relations. It's usually the nitpicking or annoyance from the older hire that shows. Or, complaints about too much communication overhead or lack of proper onboarding internally primarily caused by the lack of Wiki or other documentation in… Continue Reading
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11 Strategies to Improve Your Creative Thinking Skills

In today’s world, where artificial intelligence is penetrating most industries and robots are replacing human-driven jobs, creativity is one of the most sought-after skills. It’s more crucial than ever that humankind employs more creative skills to leverage its dominance over machines. And yes, I know it sounds like a cliche, but the only way to stay competitive is by following business processes with some creativity in mind. Based on this article, it has been revealed that creativity is the most sought-after soft skill by companies when considering potential hires. Just following processes blindly is often not a solution to a… Continue Reading